RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, CALIFORNIA, AUTHORIZING THE APPLICATION FOR, AND RECEIPT, OF PERMANENT LOCAL HOUSING ALLOCATION FUNDS UNDER THE SB 2 PERMANENT ENTITLEMENT JURISDICTION COMPONENT FROM THE BUILDING HOMES AND JOBS TRUST FUND.
WHEREAS the Department of Housing and Community Development (“Department”) is authorized to provide up to $296 million under the SB 2 Permanent Local Housing Allocation Program Formula Component from the Building Homes and Jobs Trust Fund for assistance to Cities and Counties (as described in Health and Safety Code section 50470 et seq., Chapter 364, Statutes of 2017 (“SB 2”)); and WHEREAS, the State of California (the “State”) and Department issued a Notice of Funding Availability (“NOFA”) dated December 29, 2023, under the Permanent Local Housing Allocation (“PLHA”) Program (“PLHA Program”); and WHEREAS the City of Riverside (“Applicant”) is an Entitlement Local Government eligible to submit an application for, and administer, an award of PLHA funds, and Applicant has applied for program funds to administer one or more eligible activities; and WHEREAS, the Department may approve funding allocations for the PLHA Program, subject to the terms and conditions of the PLHA Program Guidelines, NOFA, Program requirements, the Standard Agreement, and other contracts between the Department and PLHA grant recipients.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Riverside, California, as follows:
Section 1: That if the Applicant receives a grant of PLHA funds from the Department pursuant to the above referenced PLHA NOFA, it represents and certifies that it will use such funds in a manner consistent and in compliance with all applicable state and federal statutes, rules, regulations, and laws, including without limitation all rules and laws regarding the PLHA Program, as well as any and all contracts Applicant may have with the Department.
Section 2: That the Applicant is hereby authorized and directed to receive a PLHA grant, in an amount not to exceed Two Million Four Hundred Fifty-Six Thousand Five Hundred Nine Dollars ($2,456,509) of the PLHA formula allocations, as stated in Appendix B of the current NOFA, dated December 29th, 2023, in accordance with all applicable rules and laws.
Section 3: Applicant hereby agrees to use the PLHA funds for eligible activities as approved by the Department and in accordance with all Program requirements, Guidelines, other rules and laws, as well as in a manner consistent and in compliance with the Standard Agreement and other contracts between the Applicant and the Department.
Section 4: Pursuant to Section 302(c)(4) of the Guidelines, Applicant’s PLHA Plan for the 2019-2023 Allocations is attached to this resolution, and Applicant hereby adopts this PLHA Plan and certifies compliance with all public notice, public comment, and public hearing requirements in accordance with the Guidelines.
Section 6: If applicable: Applicant certifies that it has or will subgrant some or all of its PLHA funds to another entity or entities. Pursuant to Guidelines Section 302(c)(3), “entity” means a housing developer or program operator, but does not mean an administering Local government to whom a Local government may delegate its PLHA allocation.
Section 7: If applicable: Applicant certifies that its selection process of these subgrantees was or will be accessible to the public and avoided or shall avoid any conflicts of interest.
Section 8: If applicable: Pursuant to Applicant’s certification in this resolution, the PLHA funds will be expended only for eligible Activities and consistent with all program requirements.
Section 9: If applicable: Applicant certifies that, if funds are used for the acquisition, construction or rehabilitation of for-sale housing projects or units within for-sale housing projects, the grantee shall record a deed restriction against the property that will ensure compliance with one of the requirements stated in Guidelines Section 302(c)(6)(A)(B) and (C).
Section 10: If applicable: That Applicant certifies that, if funds are used for the development of an Affordable Rental Housing Development, the Local government shall make PLHA assistance in the form of a low-interest, deferred loan to the Sponsor of the Project, and such loan shall be evidenced through a Promissory Note secured by a Deed of Trust and a Regulatory Agreement shall restrict occupancy and rents in accordance with a Local government-approved underwriting of the Project for a term of at least 55 years.
Section 11: That Applicant shall be subject to the terms and conditions as specified in the Standard Agreement, the PLHA Program Guidelines and any other applicable SB 2 Guidelines published by the Department.
Section 12: That the City Manager, or his designee, is authorized to execute the PLHA Program Application, the PLHA Standard Agreement and any subsequent amendments or modifications thereto, as well as any other documents which are related to the Program or the PLHA grant awarded to Applicant, as the Department may deem appropriate.
ADOPTED by the City Council this ____ day of _______________, 2024. _________________________________
PATRICIA LOCK DAWSON
Mayor of the City of Riverside
Attest:
__________________________
DONESIA GAUSE
City Clerk of the City of Riverside
/ /
I, Donesia Gause, City Clerk of the City of Riverside, California, hereby certify that the foregoing resolution was duly and regularly adopted at a meeting of the City Council of said City at its meeting held on the _____ day of ________________, 2024, by the following vote, to wit:
Ayes:
Noes:
Absent:
Abstain:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Riverside, California, this ______ day of _______________, 2024. _____________________________
DONESIA GAUSE
City Clerk of the City of Riverside
24-1021 SBM 03/11/25
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